NYCEDC announces New York City job count hits record high of 4.24 Million jobs

New York City Economic Development Corporation and the Mayor’s Office of Management and Budget today released an analysis of seasonally adjusted job numbers for November 2015, based on data provided by the New York State Department of Labor. New York City added 12,600 private sector jobs between October and November, a significantly larger increase than in past years. This brings the total number of jobs in New York City up to 4.24 million, the highest number in city history. In addition, New York City’s unemployment rate remains at 4.8 percent, its lowest level since February 2007. This represents a 3.3 percentage point decrease in unemployment since Mayor de Blasio took office.

“This administration’s goal has been to provide greater opportunity for people in every neighborhood, and that’s what these numbers show,” said Deputy Mayor for Housing and Economic Development Alicia Glen. “Our city is continuing to grow quality jobs for even more New Yorkers, and we will continue finding creative ways to expand and strengthen our economy.”

“New York City’s economy continues to set records, with the highest total job count in the history of the five boroughs,” said New York City Economic Development Corporation President Maria Torres-Springer. “And unemployment remains at its lowest point since 2007 – down 3.3 percentage points since Mayor de Blasio took office. We’ll keep working to bring even more good jobs to New Yorkers in every neighborhood.”

During the twelve months ending in November 2015, New York City gained 103,100 private sector jobs, an increase of 2.8 percent. This is significantly higher than the national growth rate during the same period, which was 2.2 percent. The Health Care and Social Assistance sector accounted for 27.4 percent of New York City’s private job growth over the last year, while Accommodation and Food Services accounted for 11.4 percent and Finance and Insurance accounted for 11.2 percent.